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21 May 2012

Economic Activity

North Korea has a command economy completely controlled by the state. Because North Korean data concerning the North Korean economy is often untrustworthy, American analysts estimate that the country's Gross Domestic Product (GDP) is around $40 billion dollars annually. This puts the GDP per capita at $1,800. 65% of Korea's population works in industry and services, while the remaining 35% is employed in agriculture. Most of Korea's major cities were built as manufacturing cities.

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